Question

Calculate the accumulated amount for $10 000 invested at 3.25%
for 24 months.

Answer #1

**Remember one thing that rate r is given monthly or
annually**

**so I provided both the cases thanks!**

Given maturity amount of 1700 after 8 months having invested
1200 in a savings account . If the amount was invested in a
Business with monthly interest rate given 3% higher than the
savings account. Calculate the maturity amount after 8 months
investing the same amount in the business.

We know that when a particular amount of money P, called the
principal, is invested at the interest rate r and is compounded n
times a year, the amount of A of money accumulated after t years is
A(t)=P(1+r/n)^nt
Rounded to the nearest cent, find the amount of money
accumulated if $ 5 , 000 is invested for 2 years at 6 % interest
and is compounded.
Quarterly: $
Monthly: $
Daily(assuming 365 days in a year): $
Coutinuously: $

1)Sophie invested an amount of $24,000 in a mutual fund. After 3
years and 3 months the accumulated value of her investment was
$25,815.47. What is the quarterly compounded nominal interest rate
of the investment?
2)Helen heard that she could triple her money in 27 years if she
invested it in her friend's telecommunications business. What
nominal interest rate compounded quarterly does the business
offer?
3)If an investment grew to $15,000 in 2 years and the interest
amount earned was...

Use the ordinary annuity formula shown to the right to determine
the accumulated amount in the annuity if $10 is invested
semiannually for 20 years at 6.5% compounded semiannually. The
accumulated amount will be

You have $10 000 to invest. If you invest it at 11.2% p.a. for
six months, compounding annually then continue to invest the
principal amount together with any interest for a further 12 months
at 12.7% p.a., compounding annually, what will be the value of your
investment at the end of the 18-month period?

Ali invested $2,100 at the beginning of every 6 months in an
RRSP for 11 years. For the first 5 years it earned interest at a
rate of 3.50% compounded semi-annually and for the next 6 years it
earned interest at a rate of 6.40% compounded semi-annually.
a. Calculate the accumulated value of his
investment at the end of the first 5 years.
$63,900.39
$64,865.00
$22,733.34
$23,131.17
b. Calculate the accumulated value of her
investment at the end of 11...

An amount of $7,000 is invested on 16 April 2020 at 10% pa
compounded quarterly. Calculate the interest (I) earned between 16
April 2023 and 16 April 2027. Give your answer in dollars and cents
to the nearest cent.

Helen invested the profit of her business in an investment fund
that was earning 3.25% compounded monthly. In 3 years, she began
withdrawing $3,500 from this fund at the end of every 6 months. If
the money in the fund lasted for the next 4 years, how much money
did she initially invest in the fund?

Liz invested the profit of her business in an investment fund
that was earning 3.25% compounded monthly. In 3 years, she began
withdrawing $3,500 from this fund at the end of every 6 months. If
the money in the fund lasted for the next 4 years, how much money
did she initially invest in the fund?

Find the amount at the end of two years and seven months if
P1000 is invested at 8% compounded quarterly using simple interest
for anytime less than a year interest period.

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